HMRC’s use of artificial intelligence –How AI is assessing the risk of tax evasion by businesses
We are increasingly hearing more and more about artificial intelligence (AI) and how its use can change our way of working both now and in
We are increasingly hearing more and more about artificial intelligence (AI) and how its use can change our way of working both now and in
HMRC believes that not everyone is paying the correct amount of tax, estimating what it terms as ‘the tax gap’ as being ‘4.8% of total
Strict reporting deadlines apply under Real Time Information (RTI). Employers are required to report employees’ pay and deductions to HMRC electronically on the Full Payment
Most business owners know that VAT registration is a legal requirement should total taxable turnover for the previous 12 months exceed £85,000 or turnover is
HMRC are sending one-to-many ‘nudge’ letters to taxpayers who included an invalid claim for gift hold-over relief in their 2021/22 tax return. This may be
Workers are entitled to be paid the National Living Wage (NLW) or Minimum Wage (NMW) for their age. Employers who fail to do this run
The High-Income Child Benefit Charge (HICBC) is a tax charge that claws back child benefit where the claimant or his or her partner have adjusted
Voluntary disclosure involves individuals or businesses coming forward to inform HMRC of any errors or omissions in their tax returns, unpaid taxes or any other
Where an individual realises a chargeable gain on the disposal of a UK residential property, they must report the gain to HMRC within 60 days
Earlier this year, HMRC sent ‘nudge’ letters to social influencers who they suspect may not have declared the tax that they owe. They have also
Owners of personal and family companies frequently pay themselves a small salary and extract further profits as dividends. To utilise the unused personal and dividend
If you have a company that is dormant and you have filed your company tax return showing that no tax is due, you may think
The profitability or earning capacity of a business may depend on one person or on a small number of people. Where this is the case,
Many taxpayers taxed under self assessment may not be aware that HMRC self assessment phone service was closed for three months, opening on 4 September.
Despite dividend tax rates being charged at 33.75% (higher rate taxpayers) or 39.35% (additional rate taxpayers), generally dividends remain the most tax-efficient method of taking
VAT registration is compulsory for any UK established persons who are in business and make or intend to make taxable supplies should either one of
If you make a chargeable gain on the sale of a UK residential property, you will need to report the gain to HMRC within 60
As an employer, you can pay your employees tax-free mileage payments where they use either their own car or a company car for business journeys.
For some time, taxpayers within Self Assessment have been able to set up a TimetoPay arrangement online, allowing them to pay their tax bill in
If you are self-employed, the way in which your profits are taxed is changing. As a result of this, you only have a limited window
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